We investigate the impact of a potential new sports venue on residential property values, focusing on the National Football League's Dallas Cowboys' search for a new host city in the Dallas-Fort Worth area. We ¯nd that residential property values in the city of Dallas increased following the...

This paper explores the price effects of a series of oil mergers, acquisitions, and joint ventures in the decade since 1990 by estimating the price effects of the resulting increases in market concentration. Estimates from two samples, one city level and one state level, of monthly retail and...

We empirically estimate the substitutability of fixed and mobile services for telecommunications access using a large, U.S. household survey1 conducted over the period 1999-2001. We take advantage of telephone price subsidy programs for low-income households to identify large, exogenous changes...

Since 1998, US schools and libraries have received $2.25 billion annually to provide internet access. The average estimated effect on educational outcomes for Texas high school outcomes are modest both for measures related to college preparedness and for subject area standardized test scores....

US education policy encourages the use of computers and the Internet at both the college and high school levels. As a consequence, students have had better access to technologies to illicitly share copyrighted music, causing a decline in sales from the traditional music store retail channel....

This paper demonstrates how, by introducing a generic version of its previously patented product, a branded firm can influence the equilibrium in the generic segment of the market for the product. This in turn can increase the firm's profits from selling the branded version. We then use...

Well-established economic principles show that regulated monopolies may have an incentive to act discriminatorily against rivals of their unregulated affiliates. This paper discusses some recent empirical evidence regarding discrimination in telecommunications. Specifically, it surveys anecdotal...

Because of its unique institutional and regulatory features, the generic drug industry provides a useful laboratory for understanding how competition evolves. We exploit these features to estimate a system of structural relationships in this industry, including the relationship between price and...